Market volumes are down in general over the past decade or so. Why? Multiple reasons, but the neg publicity of HFT and sharp downdrafts discourage retail investors, i.e., the sense that the whole thing is rigged. I was surprised to learn recently that compared to the late 90s there are about half the total public companies in the marketplace now. There are no taxi drives or hairdressers seeking (or giving) stock tips these days.
Technically IBB/LABU look ready to move this summer, nice 5-6 month bases formed. Lots of specs have had good news this spring (hello AVXL) yet haven't budged or have gotten squashed. Every dog will have its day...
Exactly. The industrial world has a long history of disruptive inventions that were bought up (and sometime discarded, for protection) by the Big Boys. They will not fight - they will buy.
This is what stocks do. Every stock that ever soared has had severe dips (JAZZ was under a buck in '09, for example). There is no guarantee that AVXL is a winner, but this light-volume action is meaningless. Nothing's changed since April 25th when it hit 6.50 pre-market. Either relax or sell, no other real options.
The sector is simply hated right now. AVXL getting washed ashore with all the rest...not sure when it will turn, as both prez candidates (or whatever they are) have made noise about the unfairness of drug prices. hillary would doubtless be worse for pharma than trump, but both would suck I think.